Question

a total of ₹ 80000 is to be distributed among 200 persons as prize.a prize is either of ₹500 or ₹100.find the number of each prize

Answer 1

We have the following situation where total number of prize money is given, number of people and types of amount.

The total prize money is= ₹ 80,000

Number of people= 200

And either a ₹500 prize of a ₹.100 prize.

Let the prize of ₹500 be given to x persons

Prize of ₹100 is given to (200-x) people

So suppose this equation

500x+ 100 (200-x) = 8000

500x +2000-100x=8000

400x=60000

X=60000/400

X=150

Number of people getting

- 150 people get prize worth ₹500

- 50 people get prize worth ₹50